SEC nominee Atkins discloses $327M in assets ahead of hearing

Paul Atkins, Donald Trump’s nominee to lead the SEC, has disclosed at least $327 million in assets with his wife, Sarah Humphreys, ahead of his March 27 confirmation hearing.

The financial filing lists stakes in Patomak Global Partners, a consulting firm he co-founded, and Tamko Building Products, a roofing company tied to Humphreys’ family.

Atkins also holds call options in Securitize, a real-world asset tokenisation platform, valued between $250,001 and $500,000.

If confirmed, he plans to divest these holdings and resign as Patomak CEO.

His nomination has drawn scrutiny over his past involvement with crypto firms, including FTX (CRYPTO:FTT).

Senator Elizabeth Warren has called for answers on his “deep involvement with FTX and other high-paying crypto clients.”

Atkins, who served as an SEC commissioner from 2002 to 2008, has been critical of former Chair Gary Gensler’s regulatory stance.

Republican supporters, including Senator Cynthia Lummis, expect him to bring “regulatory certainty for the digital asset industry.”

Trump’s broader crypto ties, such as his family’s involvement with World Liberty Financial (CRYPTO:WLFI) and a memecoin launch, have raised further concerns about conflicts of interest.

Atkins’ hearing follows David Sacks’ divestment of over $200 million in crypto assets before taking a role in the Trump administration as AI and crypto czar.

His confirmation could signal a shift toward a more industry-friendly SEC, aligning with Trump’s pledge to position the U.S. as a “blockchain and crypto capital.”

However, critics argue his ties to crypto firms could undermine impartial regulatory oversight.